Velan (TSE:VLN) Reaches New 52-Week High – Should You Buy?

Velan Inc. (TSE:VLN) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$11.95 and last traded at C$11.90, with a volume of 82350 shares. The stock had previously closed at C$11.01.

Velan Stock Down 1.1 %

The company has a quick ratio of 1.11, a current ratio of 2.55 and a debt-to-equity ratio of 21.02. The company has a market cap of C$69.47 million, a P/E ratio of -14.43 and a beta of 0.77. The company has a fifty day moving average of C$8.16 and a 200 day moving average of C$6.73.

Velan (TSE:VLN) last issued its quarterly earnings data on Thursday, October 10th. The company reported C$0.01 EPS for the quarter. Velan had a negative return on equity of 5.57% and a negative net margin of 2.75%. The company had revenue of C$135.12 million during the quarter.

About Velan

Velan Inc designs, manufactures, and markets industrial valves worldwide. The company offers quarter-turn valves, such as ball, high performance three-piece ball, general purpose ball, metal-seated ball, triple-offset, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves; and gate, globe, and check valves, including pressure seal, bolted bonnet high pressure, cast steel, cast stainless steel corrosion resistant, small forged, bonnetless, and dual-plate check valves, as well as maintenance valves for nuclear service.